KBRA Releases Surveillance Report for Bridgewater Bancshares, Inc.

On August 9, 2024, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred shares rating of BB+, and the short-term debt rating of K3 for St. Louis Park, Minnesota-based Bridgewater Bancshares, Inc. (NASDAQ: BWB). KBRA also affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating BBB, and the short-term deposit and debt ratings of K2 for Bridgewater Bank, the main subsidiary. The Outlook for all long-term ratings was revised to Stable from Negative.

To access rating and relevant documents, click here.

Click here to view the report.